US-based Nova Minerals has expressed strong interest in making long-term investments in Pakistan’s mining industry, signaling growing international confidence in the country’s natural resource potential. The company, known for its work in gold, antimony, and rare earth minerals, recently held detailed discussions with Pakistan’s Board of Investment (BOI) to explore possibilities for joint ventures, technical cooperation, and future feasibility studies.
During the meeting, Federal Minister for Board of Investment Qaiser Ahmed Sheikh highlighted Pakistan’s vast, largely untapped mineral reserves. He stressed the importance of shifting from raw mineral exports to value-added local processing, which can create jobs, boost exports, and strengthen the national economy.
Nova Minerals’ interest comes shortly after Pakistan dispatched its first shipment of rare earth and critical minerals to the United States under a major $500 million agreement. The deal focuses on jointly developing the mineral value chain, a step expected to enhance Pakistan’s standing in the global minerals market.
The government reiterated its commitment to facilitating sustainable, technology-driven, and environmentally responsible foreign investments. Officials noted that improved regulatory frameworks and better investor facilitation will support international companies looking to partner with Pakistan.
If finalized, the collaboration with Nova Minerals could lead to advanced mining practices, increased foreign investment, and greater value creation within the country’s mineral sector, helping Pakistan unlock a significant source of long-term economic growth.
